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] [captioning performed by national captioning institute] ♪ >> next, a discussion on the global economy. university dean. this is half an hour. [applause] >> so good morning. i was asked whether the ceo's would actually show up for a panel at 8:15 and we all agreed yes. so thank you for letting me look like i know what i am talking about. we have jim kim, the president of the world bank, and fisher, who accuse me of labeling print as venerable, which tells you what it's like to be a reporter, and glenn hubbard, the dean of the columbia business school and was an advisor to george w. bush. i want to talk about the world economy and i want to start with the emerging markets. a couple of years ago, i think one would have said that the developed world was faltering and thank god for the emerging markets, china, india and the best of them, who were providing global demand. in countries like the u.s. and europe better get used to this because we will be less and less relevant in the future with emerging markets. and i would say that coming the last x months, maybe there has been some rethinki
produce 50 of the out put and people are driving in the economy but economic stagnation and federal gridlock are skooegz the federal government service. add in the pressures of rooirz temperatures and the countries face to daunting channels. urban america needs a new playbook and we'll take a look at that. we have 3 guests mayor ed lee. and the president of the urban management one of the countries largest home bindles and a co- author of how the city's are fixing our fragile developed. please welcome them to planet one. (clapping). thank you gentlemen all for coming. bruce cats let begin with you. we'll get down to some specification. you write that the great recession was a rude way. call thrills about that. first of all, that you for letting me be here. i think what led to the great recession was a miss guided growth model which basically said we can grow an economy consumed by department and focus on the meveng around homebuilding but the funds would tells us we need to grow an economy and debris i quite frankly as president in the region it's fueled by ideas and manufacturing
percent of the german economy was about made up of eleven percent of the american country they didn't give up on merchandising. so it's not just about wages it's about quality, its about reliability of our energy supply; right? it's around supply nektsdz and supply chains that need to be closer to each other. what i see in the united states is farm activities they understand post recession. we still have the assets; right? whether it's the incural culture or better immigration whether it's capital willing to invest and still enough of a production, you know, platform that if we're smart in this post recession environment we'll won't go back to the economy we'll move forward. i'm bullish about this and this region is rich in small batch and boutique on up to advanced >> technology will have a role in all of that as well. if you see this company 3-d technology for example, willing regulation in his the way we looked engineering systems because you could see it. auto desk is growing rapidly in san francisco they just opened up another portion of their work on pier 9. we're all talking about
-nots may hurt the economy. well, that's exaggerating. a gulf? my gated community only has a moat. (laughter) no surprise the rest of the red brigade is joining in. like that manager of the world's largest bond fund william gross. >> ordinary folks, the 99%, don't have any money anymore! the rich 1% and corporations do. developed economies work best when inequality and incomes are at a minimum. >> stephen: that is a sobering thought. metaphorically, of course. as soon as i heard it i got drunk. (laughter) the point is i'm choosing to believe that income inequality isn't as big a deal and doesn't need to change. here to tell me it is a big deal and needs to change is former labor secretary for president clinton and star of the new documentary "inequality for all" robert reich. mr. reich, thank you so much for joining us. (cheers and applause) you were on the show about three years ago sounding the alarm warning if we didn't do something it would tank economy or cause a revolution. three years later i'm richer than ever. i assume you're back here to apologize. >> no, i didn't tell you exactly
&p 500 for stock prices here? so here us out. the economy is limping along. the stock market is running like a gazelle. what is going on? is that worrisome or is it to be embraced? to better-than the former federal reserve chairman. peter barnes has a chance to sit down with him in an exclusive interview. peter, you know, it is a double-edged sword. if anyone should recognize the bubble off, some would say it is greenspan having been burned by it, with there are others to say why ask. so it is fascinating, and a greater opportunity. >> and he said that he felt that equities, at least right now, are not in bubble territory. he is looking at certain metrics in the history of the markets. he does not think that there is a bubble in equities. he talks about that. his new book, the map and the territory, what he stopped by to chat with me about today. but he did talk about all of this stimulus coming from the fed. get the coverage and to ask about that. said that all of this quantitative easing, low interest rates in all of this is really helped mainly the financial economy. the stock market
proposal will be passed before the end of the year. and then explains how this be impacted nation's economy. lawmakers are off to a late start and getting to tnty fourteen but did for the national assembly but took a step forward but the passage of the government's settlement bell on tuesday. the late start comes in the midst of a prolonged parliamentary stalemate at the budget bill every month behind schedule the settlement bill will be cut out for a vote on thursday. but there's still another hurdle. if the budget proposal does not pass before the new fiscal year begins at least forty percent the next years budget will not be available until the bill is passed. that means the majority of the fund set aside to speed up the nation's sluggish economic recovery will be suspended. recent concerns that the long delay in bringing them back up for consideration. i heard that domestic economy. officials at the ministry of strategy and finance say if lawmakers fail to pass the bill before the end of the year more than one hundred thirty two billion dollars that next years budget of roughly three hu
, later. holiday shoppers have the power to give the economy a lift. on black friday alone-- consumers are expected to spend $602 billion dollars -- a nearly 4% increase over last year. last month retailers began to notice a surprising uptick as american's used less money to fill their gas tanks and more money at malls. there was enough consumer spending to prompt analysts on wall street to boost thier prediction on 4th quarter gdp. there's no better way to put money immediately into people pockets, tax cuts whatever it may be, the quickest way to do so is by cutting the price of gasoline we have seen that happen in some places gas is below $3 so that is definitely an encouraging sign for retailers going into the holiday season" chief trading strategist joe kinahan of td ameritrade says that as traders track the stock market and the economy-- a clear pattern is emerging. what the stock market has been telling us for the last year our so is that things are better than everybody thinks they are are overall that the economy is recovering. and although the quantiative easing is assisting
, is that why the economy still isn't taking off? "cashin' in" adds it up at the bottom of the hour. but first, it's official. 2013 was the slowest hurricane season in three decades. some say that officially proves all those climate changes programs are just a waste of money. to complicate ♪ ♪ our time is short ♪ this is our fate ♪ i'm yours foxnews.com. >>> so remember the dire predictions for this year's hurricane season? well, it turned out, looking more like this. in fact, we actually had the fewest atlantic hurricanes in more than three decades. rich, you say this is proof we need to dump all those costly climate change programs. make your case. >> certainly looks that way to me. now i will admit we have had modest warming on the planet in the last 20, 30 years. but to be able to t this to the cataclysmic weather events, you are in the realm of speculation. it is proven by the fact we have had a low hurricane season. this would be come call except for the fact -- comical except for the fact that the climate hysterical crowd are putting brakes on the economy. at the time we need bl
. will our economy pay the ultimate price and flatline because of this? >> a dicey deal with consequences. white house handing over billions to iran in a new deal. will it take down the national security? she's back. "cashin' in" favorite. >> everybody, minority. >> we warned you about waste and fraud. now, uncle sam realizes we were right. is it time to hang up on obama phone? we are digging up the d.c. dirt right now. >> hi, everyone, i'm eric bolling. welcome to "cashin' in." the crew -- wayne rogers, jonathan hoenig, fields and robert beckel. welcome, everybody. americans thinking twice before opening their wallets. consumer confidence tanking to a seven-month low as people are becoming more uneasy about the job market and their income. one main reason is disgust with the healthcare law. 2009 >> shoppers freaking out because of obamacare sticker shock. what do you say? >> the biggest problem is the uncertainty. there is uncertainty in the law. nobody knows what it saysor rules are. so businesses can't plan ahead. a lot of businesses they know of the restriction about the employment. t
's kick off on your views of the dutch economy. the outlook is stable. how much pressure are they under? >> they are under a bit of pressure. the economy has been in a recession early this year. the government ought to deliver some further reforms. the government ought to find ways to make sure that the dutch economy is no longer prone to boom-bust cycles. all in all, it's a pretty solid economy still. >> yeah. at the end of the day, they're only one notch below germany, to put it into perspective. >> arguably, being below germany at the moment is where they belong. germany does not have such as the real estate boom/bust issue. but the netherlands, by and large, are a pretty good economy. they're also the port of europe. and now that the european economy is picking up a little speed, the port of europe, one of the services centers of europe, the dutch economy, is likely to do fairly well. >> how does what's going on in the netherlands tie in with the rest of europe. clearly, we had an upgrade for spain, but france and italy still have negative growth. >> italy and france will probably b
money" next. >>> this weekend, let's give thanks for what's working in this economy. let's push to fix what's not. i'm christine romans. we have come a long way, but we have a long way to go. it is all in the eye of the beholder. first, put on your rose-colored glasses. your 401(k) is on fire. the index touching new milestones. look through the broken glasses. only half of america is invested in stocks. what happened when the federal reserves does this? stocks fall sharply. back to the rosy glasses. now back to the broken glasses. until first time home buyers come back, it is not back to normal. 28% of october sales were first time buyers. let's look at jobs. jobs are coming back. 204,000 create in the october. this is a low wage job recovery. nearly 60% of the jobs created in the economy since 2010 have been lower paying occupations. ken rogath is with us. maggie lake is here with us. ken, which glasses are you wearing when it comes to the u.s. economy? >> i think i have one eye broken lens and one eye rosy. you summarized it well, christine. i think for the next few years, we are sti
of california and undocumented folks in san francisco that are not part of our official economy that are hiding. because of fear that will not participate in health prevention because of fear. because of that we have to have an immigration policy it is forward-looking and make sure there's a path to censorship[p. we're in a worldwide talent war. are we going to lose to other great cities or are we going to make sure we're getting the talent. i know the conversations are a bit sensitive but we're not taking anything away from our companies. i have investments in europe where we train residents to be part of the technology we have but at the same time certain areas need that worldwide talent. event pride is not just here for local customers but for events around the world. and that's true for every company in the chamber of commerce wants worldwide so immigration is part of their dna of recruiting talents to get the worldwide talents that are competent. i want to break in the african and latin america and our businesses to be represented all over the world because our sdm dna is about being a nat
period where they'll be looking to be flat. > >what is the bond market signaling about the economy? > >if you think about what the bond market is signaling from the economy the traditional way to look at that is again the earlier 2-10 spread that i talked about. the deeper that spread is is an indication that the economy is picking up and market participants view the economy as strong. part of this is also driven by quantitative easing as i said but if we continue to see a steepening of the 2-10 year spread, then i think we're getting a combined message from the bond market. first, federal reserve is going to hold short term rates near zero. and second, it's going to work then the outlook for the economy is improving. > >thank you glenn. > >thank you. a walmart management shake up shocker --but it's stirring up few worries on wall street. shares rallied nearly 1%yesterday on surprising news that ceo michael duke will retire early next year. he will be replaced by douglas mcmillion.president of walmart international-- february 1st. roy walton chairman of the board at walmart says "this l
department now plans to share that information on december 18th. >>> we go from the economy to earnings. this morning's horts include hormel, tiffany's, and barns & noble. >>> also, other market related news, takeover premiums are shrink to go historic lows. "the wall street journal" reports more than 9300 deals and so far this year the average premium has only by 19% of a target the week before. that compares to a historic average of 30%. among those factor tos are booming economy, a worry interest rates will rise. market vaum is an issue. you have to look in two different places to figure out what that word might be. >>> beyond the market is the other top story, the severe storm threatening parts of the country. the big mess that hit omaha, arkansas and texas now sweeping across the east coast. >> good morning, andrew. this storm has an awful time as we're calling it here at the weather channel, winter form boreous. maybe is the possibility of severe weather as we head into today. meanwhile, a prestorm street, if you will, across the northeast. we have some slight snow ongoing. that's
destroyed finally worked in this case. they had the iranian, it -- economy on the ropes and is the only reason they agree to talks in geneva. what do we do? for nothing from the iranians will loosen the sanctions. >> the iranian leader was seen as a martyr. i wouldrgue, and others have, he is really a wolf in sheep's clothing, no different than the hard-liners that we have known and seen for many years. he comeses out of this is the victim. >> symmetry. and i will finish you clothing. secretary carries a sheep in wolf's clothing. it is just a sad situation. you have to take a longer view. you reali, the person's invented chess. our diplomats play checkers. the iranian negotiators are just really really good. they sizus of cynically. frankl look, we all hope, of course we he that there will be a peaceful resolution to the issue of nuclear weapons. of course we all want that. you cannot rely on help. you need concrete action. i will tell you, i am 100 percent on the side of the israeli prime minister benjamin netanyahu who believes that this is the worst deal of the century and is certain
on the outlook for the u.s. economy. he was interviewed last week in "the wall street journal" ceo council meeting. this is 35 minutes. >> larry summers on the deficit and economic growth. this is 35 minutes. >> it is my great honor and privilege to be here with larry summers. when he was two years old his parents took him to his pediatrician who happened to be my father. according to larry's father, a story he told, his parents expressed concern that larry was not talking much at two years old. supposedly my father's response was i would not worry about it once he starts. he will never stop. so with that. >> moving right along. asked if we had been able to post questions i would have asked you but i will ask for a show of hands. if you had to pick the top priority, the single top economic rarity for the u.s. government right now and they give you a choice between reducing the long-term deficit and doing something to spur growth in the short-term and the long-term, deficit or growth, you only get one vote. how many people would choose the deficit over growth? how many people would choose r
and attending several holiday fun -- hollywood fund-raisers. the president today tuchman the economy. chief washington correspondent james risen as our report. >> reporter: with less than a week to go before the relaunch of the obamacare website president obama got a firsthand look at how hollywood transforms the mundane into the magical. on the margins, the great steve martin suffering a cold and opted out of the presidential handshake. and mr. obama wants to martin and actor jim parsons record dialogue. >> i fixed my mistake. >> but you have made your mistake. >> i made many mistakes before that. >> reporter: hitting his marks the president focused on the economy. smart phone systems and other advances, but also acknowledging many mistakes that create what he called the rough debut of obamacare. >> serious southern california and across the state there are thousands of people every single day who are getting health care from the first time. the first time. [applause] because of this. [applause] and by the way, the website is continually working better, so check it out. [laughter] >> repor
is still working. climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america power of the people until we restore >> timely tonight, a big turn around for one of america's greatest auto makers, after emerging from bankruptcy, general motors brand-new model truck, from the oldest manufacturing plant in flint, michigan, lori jane gliha reports on an otherwise economically stressed community. >> in a city often singled out for its high homicide rate, lack of jobs and deteriorating neighborhoods, it may be hard to find a source of pride. but inside this bustling truck factory, thousands of employees are proving there's a lot to be proud of in flint, ar michig
the financial stability the economy is no reaching a fight. ey with on thiyna marke stabilizing. consumers and business are more comfortable kitchen. we have come along way since the start of the christ and many of those citizens have had to make huge sacrifices to get this of the spine. well you need to do now is kp our eyes on the prize. and make sure that the sustained and strengths the recovery devotees of the way meanwhile the most part even though interest rates fell and stocks rallied there was no meaningful recovery in the real economy in the countries using the euro gdp is now three percent below two thousand seventy thousand the levels increase and is followed by a twenty three percent in portugal and spain by eight percent in unduly by nine pcent. there is some growth in some countries perhaps that very very little of both go into the field and made it to prove that crime is shrinking due to the dentist will base is still shrinking so that i wonder what that assumption cone from that this would be a great medicine when we see that this has been taught for three years two whole y
itself, and i say respect, 9/11ll itself was a very small blip in terms of the american economy and america's ability to do the things that america needs to do. yet, it dominates every conversation we have had in the last decade for good reason. don's wife is british. and her people survived the blitz. they survived two world wars and they soldier on. they survived the irish. at the end of the day, as a nation we need to be prepared that to go forward when the to effectively identify the .elltale signs if it means getting into every internet search or being able to look for the ultimate filter of filters going through the metadata, things are going to happen. there is a degree to which the nsa and the fbi and our media and our politicians and others have defined our response to pursuit of abeing risk-free society. upst of all, we set or set -- ourselves up to fail. a disservice to the population by suggesting to them that somehow we can have this risk free society or future and not pay prices. not having that discussion of what those prices are, i have no respect for richard sno
no life unemployment post with the knowledge that in four years the economy using sixty on the job. now even economy crazy. a dramatic turnaround since the government opposition parties' as youth unemployment is still a problem. we see far too many people were commonplace for sin not creating enough jobs to get to keep the ball and played chelsea own people especially. you do. welcome to six mm on the health service executive has apologized to the parents of a brain damaged twelve year old girl. the high court approved an interim assessment of just over two and a half million euro for pushing conroy from russert and port beach who sued for her mother has several holes these results are pressed midlands regional hospital in port beach in two thousand and one. our parents criticized the length of time it took to settle the action kevin and very calmly waited twelve years for today settlements. they'd already wasted nine years to find out what really happens to their children she married tom wright went to port the ship general hospital four days before the current effort to offer in two t
documentary series the untold history of the united states. he examines warren drones the economy and much more. rt is this anzacs had a chance to sit down with a living legend along with the historian peter was nick who co wrote the serious take a lot. filmmaker oliver stone and historian peter cruise nick are promoting the release of their new series untold history of the united states which airs on blu ray and dvd. i sat down with both of them to talk about how events in american history may give us insight into recent news about nsa surveillance drones and wall street greed. and oliver stone explained to me why he feels like it does today. against the us empire owner peter thanks for sitting down with me the news over the last few months is focused on the nsa is focused on drone warfare american militarism and to pour economics here at home bad news is sort of ripped off the veneer of the us government have you rectify the way the us government is acting today with the vision that you've had in that americans of the way the government should be. i don't. i don't think that our governme
will not get i.t. done. >> broad consequences for the economy. >> the j.p. morgan settlement really highlights the need to extend that law so we could have a full housing recovery. >> a need consumers would have to look to congress to fulfill. stacy tisdale, al jazeera, new york. >> before mortgages were reduced, by december 31st, banking in this country is not just about huge institutions like jb morgan or wells fargo and other caught up in the fail. there are thousands of smaller american banks that serve people and especially businesses that don't necessarily fit the cookie cutter mold of big institutions. i'm talking about community banks. hundreds of which did in fact fail during the financial melt down. >> as patricia sabga reports, new rules and changing landscape for banking. >> this town needs this me reply one horse institution only to have someplace people can come without crawling to potter. >> in it's a wonderful life, community banks still play a vital role in the nation's economy. providing loans to small businesses and farms and individuals whose needs and profiles don't always
hitting the economy. to the release of some iranian assets. get nk everything will better. >> the foreign minister is using deal he madell the in geneva. the same word as his western counts counter parts commitments, reversible. in the u.s. president obama is sounding cautious but here's a tantalizing chance an agreement on the program could become something much bigger. iran seizes this opportunity and joins the away nity and we can chip at the mistrust that existed between our nations. uphill mericans have an job selling the deal to their allies in the middle east. on the other side, saudi arabia they're misleading. iny're in their own cold war sire i can't, the saudi's back back thes and iranians regi regime. it could block any agreement iran that doesn't dismantle the nuclear facilities. final end of the cannot be process only from producing nuclear to prevent the nuclearity of producing weapons. it sounds similar but it's different. >> for the british government this is an opportunity for all allies to end the process that is heading to war. >> those are compelling arguments for the
hitting the economy. this leads to the release of some iranian assets. i think everything will get better. >> the foreign minister is using caution to sell the deal he made in geneva. on tv he used the same word as his western counts counter parts about the commitments reversible. in the u.s. president obama is also sounding cautious but there's a tantalizing chance an agreement on the program could become something much bigger. >> if iran seizes this opportunity and joins the community and we can chip away at the mistrust that existed between our nations. >> the americans have an uphill job selling the deal to their allies in the middle east. on the other side, saudi arabia believe they're misleading. they're in their own cold war in sire i can't, the saudi's back the rebels and iranians back the regime regime. it could block any agreement with iran that doesn't dismantle the nuclear facilities. >> the final end of the diplomatic process cannot be only from producing nuclear weapons but to prevent the possibility of producing nuclear weapons. it sounds simila
of the biggest issues facing your district? >> in addition to the local economy that impacts the merchant corridors, to many vacant storefronts, transit issues, in every neighborhood we're having a real conversation about how we change, whether we should preserve aspects of the important characters of our neighborhood or think about building new things. there is also a real discussion we're having in many neighborhoods about affordability. i hear from too many tenants in the process of being evicted, homeowners being foreclosed on. we need to think about how all of us can continue to live in a city where the whole world wants to be. >> it is a great place to be. >> it is a great place to be. how do you balance the needs of your district versus the needs of the city as a whole? >> i have an incredibly diverse district. it encompasses north beach and chinatown. we have the city's famous hills. we have for the world comes to work, the financial district's, where the world comes to shop in union square, where the tourists spend time on fisherman's wharf , and the wonderful polk street neighbo
. they are saying they'll mount a general strike across the ukraine, coming at a critical moment for the economy. the bad shape, the near bankruptcy of the ukrainian economy is a reason why president viktor yanukovych turned towards the kremlin, because he thought that moscow could offer him more money to fill the budget in the ukraine, which is facing near bankruptcy at the moment. he's also very aware that politically he needs to survive this growing revolution not quite on the same scale as the orange revolution that he based nine years ago. the police action has reinvigorated the movement. there's a steely determination among the protesters to continue with the fight and call for his resignation. >> that was from the capital. >> people in croatia are voting on whether to change their constitution to define marriage as between a man and a woman. many have marched against the referendum. it could block legislation on same-sex marriages. protesters say it's discrimination. >> a committee in egypt will vote on a new draft constitution for a second day. a 50-member panel is considering the docume
is going to be good news because that's really going to mean that the fed is confident that the economy's grown at a faster pace. as you know, the market's been doing very well but the economy's still at a slower pace. so, when they eventually taper, which i don't think is going to be you know at least not till march and probably later, but that will be good news because the fed will have confidence that the economy is growing. there's a lot of positive factors out there. >> a good source of mine likes to say doesn't matter if interest rates are minus 4 % or plus 4% because they have to make returns. >> i think what happens in the equity markets, you go from more of a fixed income yield regime to more of a growth regime. that's what we're seeing happening here. we think we're going to be more in a growth regime because eventually the tapering is going to take effect and that's going to change what sectors you want to be in and how the market responds to that. i think that's positive. the other positive factor about tapering is it really gives an incentive for b
♪ ♪ >> this economy would roar like a rocket if people knew what the rules were and the rules weren't designed to slow us down. >> i think now more than ever a crisis of uncertainty. >> uncertainty. >> uncertainty. >> things we are certain of aren't so great for small business. >> as a small business owner, i'm used to getting the dirt kicked on me. >> obamacare is probably one of the biggest job killers we have as it relates to business. >> obamacare under employment. >> i sent in 50 more resumes but the only thing i have been able to come up with is this one part-time job. >> i have sent out a couple resume as week and i have been at it. >> hostess as a diner and doing a bunch of part-time jobs until something full time comes up. >> what i would like to see is lower taxes and less regulation. >> the biggest thing that washington can do to help me he is get out of my way. >> still work hard and continue to do great things. >> companies across the nation are open for business, but they are facing an up hill battle from a struggling uncertain economy to the rising cost of obamacare,
financial conditions and the real economy. this bonding to the financial crisis and its aftermath became the fed reserve main focus. financialing to the crisis and its aftermath became the fed reserve main focus. supporting a reconnaissance con required more transparency monetary policy than ever before. i will discuss how communications have evolved in recent years and how enhanced transparency is increasing the effectiveness of monetary policy. challenges inherent in communicating in an unprecedented and economic and policy environment, about a feature that can only be imperfectly for seen, i will explain why i believe the policy transparency remains an essential element of the fed reserve strategy for meeting its economic objectives. rolederstand the critical in recenttary policy years, it is useful to start by discussing the role of monetary policy communication more generally, including the relationship between policy communication and the broader policy framework. making monetary policy is sometimes compared to driving a steppingpolicymakers on the accelerator other breaks dependin
economy involving technically legal inlaw units between world war ii and 1960, there were 20 to 30 thousand in-laws were built, today it'sest mated there are 30 to 40 thousand technically illegal inlaw units, who lives in these in-laws? we know the individuals who live in them are tenants who are typically immigrants, seniors, families and there is a disproportionately high number of children as well as some of our city's lowest income and longest term residents. they live in very affordable units but lack tenant rights. a study in district 11 showed that 45% of residents and in-laws don't even have written leases with their landlords. for many year, there have been significant calls for legalization, inlaw secondary units are simple and cost effective methods of increasing our cost effective supply, organizations from spur to the housing action coalition and tenant organizations have encouraged our city to consider legalization, but unfortunately, we have had a don't ask, don't tell policy, we have turned a blind eye to inlaw policies, it has eliminated an average of 100 in-laws e
stands at five point eight percent the ministry of economy and budget planning unit block the site reports. be sure that this growth will reach six percent as it was projected to stand aside it also reported about the implementation of the president's instructions the president gave the instruction to check all in industrial programs. today mr josiah purported that the inspection was completed he also spoke about what has been done based on the inspection results. most of southern end of a virginia the president gave an instruction on for the development of the economy social modernization and the support for small and medium businesses. we understand the role of the ministry of economy and budget planning in this process going. oh nice to see community to know when you are new from them since. cars and president of sultan as a bike appointed coach of the colleague of up to the post of deputy prime minister of context and really she served as advisor to the president of context and in the minister of labour and social protection of the population ghost of a hobby colleague of us is
for the budget proposal for the state of the economy. we have democratic party to cooperate with us. that could spell trouble for asia's fourth largest economy as export state that a provisional budget. this is really her korea spending capacity lawmakers did however pass the audit of the two thousand and twelve but did at the plenary session on thursday. a task that should have been wrapped up by the end of august which was to me bye bye parties and wrangling. termed as i did ten years. present bought today has called on the nation's leading scientists and researchers to become the driving force in her push for a creative economy as dental office correspondent in jail has more on the president's support for science and technology. the kid has called on the nation's leading researchers to support small and medium size can be a technology steamy speaking at a ceremony commemorating the fortieth anniversary of the head of research and felt a special said in a time. the president said they should focus on research and development that could be difficult to carry out a high percent ers and trek the
." president will likely speak about immigration but most importantly about the economy. dream works alone added about 50% new jobs since january of 2008. a lot of people say he's coming here because of a friend of his, the white house insists this is also a place that is a good example for other americans to see as well. seven fundraisers, two stops and the president gets stuck in same weather as everyone else. >> west coast doesn't seem like such a bad place to be right now. peter alexander, thank you so much. >> let's bring in josh barrow, politics editor at business insider. josh, obviously the president trying to focus on something other than health care. yesterday focuses on immigration, today a little bit of immigration, lot on the economy. do you think american people will be able to focus on anything other than health care until the implementation goes a bit more smoothly? >> i think health care will remain the dominant political issue domesticically until we get into december and january when the continuing resolution that's keeping the government open runs out on january 15th. >
in market interest stocks, utilities, telemarket, less prone to the ups and downs of the macro economy. the rotation is happening but it's not like this is a new story. we've seen this ebb and flow for a while, though. >> if you had to describe the rotation you think is taking place, what is it? >> it's interesting because stocks continue to see sthees gains. we pushed toward record highs and we continue to see at least marginal flows into equity mutual funds. there's a sense people want to be long this market for stocks but they can't -- they cannot ignore the idea there are still ricks out there, especially in the market when you have record highs overall. >> we're coming off one of the longest winning streaks for this index that we've had in almost a decade. mr. seymour, that's why i'm curious. there was a sense of a melt-up into year end. is that evaporating? >> i don't think so. if you look at what went on today, you see significant rotation into big cap, mega cap tech by institutions that cannot be long enough into year end. looking at moves in apple, google, mega cap names, that
finance it. i've got a little bit more spending power. this money is going to go back into the economy. there is also the story of the lesbian couple in california who were paying $1300 a month for insurance in san diego county. they were eventually dropped from their plan. they got one of those notices, you know, from the insurance company. the couple obviously had trouble finding a new plan, because one of the partners had a preexisting condition. now under obama care, that got covered. they're going to get covered. the couple's premium oh -- here's another numbers game for you. dropped from $1300 a month to $142 a month? after subsidies? it's going to save them over $1100 a month. then there's the story of judith silverstein. judith was diagnosed with ms back in 2007. she had insurance and is currently paying $750 a month. the only reason she can pay is because her family helps her with the bill. under obama care, this premium will drop $50 -- to $50 a month with the subsidy. she and her family will save $700 a month. now, it's not just people receiving subsidies that obama care is
energy economy we know this could trigger a market transformation for the evolution we're witnessing but in order to unleash the potential we must provide the cat lift for a are you unnecessarily product and services. that catalyst as i mentioned it green finance sf. we've seen other parts of the state here in california that have adapted pace programs like in riverside county and have each year the positive impacts. we know the stories of individual that have benefited from the pace programs. we know those upgrades can save money for crucial home improvement projects but illuminate bills. in the future it was important for mayor ed lee and i to make sure this finance had a strong workforce component. we had meetings with our partners in labor to start the conversations and we know that training and employees for jobs in the many energy economy is key to keeping them employed but helping them find meaningful careers and building their families within your borders. we have clean energy we want our workers to benefit. we're going to continue to work for a workforce agreement that assur
right. mayor ed lee has worked hard to keep san francisco economy and recovery on track and create jobs for san franciscans. he makes a city like san francisco to celebrate diversity in education and health care and in the environment for future generation. mayor ed lee began his career as a civil rights attorney he later served as a director of the human rights commission fighting for people then as director of the public works and later as city administrator now as mayor of san francisco he continues to fight by implementing services that help our most vulnerable community. i'd like to welcome to the stage the houshlg may have san francisco mayor ed lee. (clapping.) >> thank you very much. good evening, everybody and welcome to the people's palace. well, this is tonight i'm excited to be here it's an honor to be here to celebrate the ninth american heritage indian month no san francisco celebration of the awards. i wanted to thank not that all of you are here but for k q e d for the sponsoring of local heros. this is important because your city is all about diversity and i want to ma
politics. i did not know it was about obama care. -- obamacare. i would talk about jobs. to me the economy when people have not been working in years, it seems that would be the discussion. it is interesting that all of a it is, no matter what, all based on obamacare. the situation with iran, that is obamacare. it is amazing how everything is obamacare. i would love for these folks that are coming -- calling in about this obamacare, i would love to know if they applied. a lot of the things that i am hearing, those are talking point howe it it is interesting republicans are trashing it and the democrats are hailing it. these are talking points. i bet 90% of these folks have not applied. -- even a report that c-span did said that 80% of the people will not be affected by .his insurance are upt: will these topics come during the course of your dinner? caller: i will make sure they come up. we need to be talking about health care, people working, economics, education, on-the-job training. we are going to talk about all of that. about howdy to talk happy the pilgrims were, it is amazing to me.
administration was trying to cook the books. they had phony economic numbers. they were projecting the economy would grow by 4% or number five percent -- i don't remember the numbers. they were unrealistic. you didn't have to reform the government to get to a balanced budget. that was a fight with having. after having gone through that i had members of the administration come to see me and say, ok, we want to really engage in this again. in that case, the shutdown resulted in something positive and something that could be attained. we ended up doing negotiations the 97 agreement, balanced budget, paid down the largest amount of debt in american history, had a growing economy. in that case, you have to stand and fight but you have to have an achievable objective long haul. >> and a positive message for it. let me ask you, governor perry about a moment during a debate we are talking about being positive. immigration. it is a positive moment for you , i think. it is a positive moment for you. >> that is a pretty short list. >> this was really positive. you talk about being positive on something l
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